NVDA stock prediction as Amazon undercuts Nvidia AI chip prices

Nvidia’s (NASDAQ: NVDA) dominance in the artificial intelligence (AI) chip space could be threatened as its rivals step up to eat into its market share, a scenario that could impact the company’s share price.Currently, Nvidia is recording losses and trading below the $120 resistance level. By press time, NVDA was changing hands at$115, dropping almost 3% since the last trading session. Year-to-date, the stock is down 16%.NVDA one-week stcok price chart. Source: FinboldRegarding the emerging competition, cl ...